Starwood Hotels & Resorts Worldwide (HOT) : Traders are bullish on Starwood Hotels & Resorts Worldwide (HOT) as it has outperformed the S&P 500 by a wide margin of 2.18% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.16%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.13% in the last 1 week, and is up 2.57% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Starwood Hotels & Resorts Worldwide Inc. is up 9.4% in the last 3-month period. Year-to-Date the stock performance stands at 15.97%. The stock has recorded a 20-day Moving Average of 1.91% and the 50-Day Moving Average is 4.45%.
Starwood Hotels & Resorts Worldwide (NYSE:HOT): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $78.39 and $78.29 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $79.55. The buying momentum continued till the end and the stock did not give up its gains. It closed at $79.51, notching a gain of 0.98% for the day. The total traded volume was 1,261,875 . The stock had closed at $78.74 on the previous day.
Also, Equity Analysts at the Citigroup maintains the rating on Starwood Hotels & Resorts Worldwide (NYSE:HOT). The brokerage firm has issued a Neutral rating on the shares. The Analysts at the ratings agency lowers the price target from $83.3 per share to $78 per share. The rating by the firm was issued on August 1, 2016.
Starwood Hotels & Resorts Worldwide, Inc. is a hotel and leisure company. The Companys hotel business is focused on the global operation of hotels and resorts primarily in the luxury and upper upscale segments of the lodging industry. The Company owns Starwood Vacation Ownership, Inc., a provider of world-class vacation experiences through villa-style resorts and privileged access to Starwood brands. It manages and operates its hotel business in three hotel segments: the Americas, Europe, Africa and the Middle East (EAME), and Asia Pacific. Its vacation ownership and residential business is a separate segment. As of December 31, 2014, the Companys hotel business included 1,207 owned, managed or franchised hotels with approximately 346,600 rooms, comprising 36 hotels that it owns or leases or in which the Company has a majority equity interest, 583 hotels managed by the Company on behalf of third-party owners and 588 hotels for which it receives franchise fees.